iSoftStone has helped many leading financial institutions to leverage their IT capabilities in order to manage complicated procedures, optimize risk management, reduce operating costs, while increasing revenue. In today’s world, it is imperative to make money out of information instead of spending on it.

Case Study: Capital Management System for a large non-bank financial institution

Project Background:

Our Client was established in 1987 with registered capital of 300 million RMB. It is one of the first non-bank financial institutions approved by The People’s Bank of China. In July 2000, Our Client underwent company reconstruction and amalgamation with the approval of The People’s Bank of China and successfully raised its registered capital to 510 million Yuan.

Our Client had been using Capital Management System Software designed and provided by two software companies. Unfortunately, the system did not provide much of its function and benefit the company’s future growth. The problems encountered are as follows:

• The application system lacked overall structure planning, system integration was under performed and all information and data were not sharable.
• It used conventional accounting and credit methods, and caused the business operation and transaction to be unclear.
• The application system only supported part of company’s business operation
• The functionality of the application system was limited to company’s internal account department and could not link with its clients.
• The conventional technology platform failed to guarantee the system’s stability and security.
• Used C/S (Clients/Server) structure, which has the limitations of system’s expandability and scalability.

Solution iSoftStone Provides:

iSoftStone transformed the company’s conventional accounting method- manual, paper-based process to web-based online operation. The newly implemented iSoftStone system consists of Settlement Management System, Credit Management System, Investment Management System, Cash Planning Management, Client Management System etc. As a result, it increases the efficiency of the business flow by 50%, and shortens the period of internal credit transaction/approval by 80%. All departments and sub branches are now able to share information more effectively, which helps lower the costs to the company. This application system uses UNIX platform with Oracle database, a very reliable and secure system. China Huaneng Finance Co., Ltd is reaping great benefits from this system.

Benefits for the client:

• Simplified business data entries, increased efficiency in business operations
• All information created is sharable within departments and branches, helps reduce manual, paper based process and errors
• Central Management system - improved operation efficiency and streamline business processes.
• Central Capital Control and Management- helped to avoid and control financial risk
• Web-based Online Operation System – strengthened company’s profile
• Based on C/S (Clients/Server) structure, which is easily upgradeable
• The highly stable and secure systems use large-scale database, UNIX platform and is CA certified.

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Case Study: China United Property Insurance Company Ltd

Project background

iSoftStone is in charge of the operation and maintenance of treasury and health insurance systems for this company. We have an excellent group of 15 engineers to offer long distance service into the future. Our service mainly focuses on the core business system, new system development, and implementation.

Client benefit:

• Improved operation efficiency, with yearly profit improvement of billions of RMB as a direct result;
• There are only 5 IT employees in its company, while the average number is 60 in other insurance companies;
• Decreased hardware costs.

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